The euro strengthened above $1.18, reaching its highest level since before the conflict with Iran began, supported by broad dollar weakness as investors welcomed news of the temporary reopening of the Strait of Hormuz, which helped ease near-term inflation concerns. Iran’s foreign minister confirmed that the strait is fully open to all commercial vessels for the duration of the 10-day ceasefire. In response, oil prices tumbled more than 10%, alleviating some pressure on inflation. The euro is up 2.7% on the week, its biggest gain in a year, and is on track for a third consecutive weekly advance, as traders increasingly bet the ECB may raise interest rates this year. Earlier in the week, ECB President Lagarde acknowledged that elevated energy costs have pushed the eurozone away from its baseline economic path, but she refrained from signaling any imminent rate increases.

The EUR/USD exchange rate fell to 1.1762 on April 17, 2026, down 0.13% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 2.71%, and is up by 3.24% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on April 19 of 2026.

The EUR/USD exchange rate fell to 1.1762 on April 17, 2026, down 0.13% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 2.71%, and is up by 3.24% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.20 in 12 months time.



Crosses Price Day Year Date
EURUSD 1.1765 -0.0015 -0.13% 3.26% Apr/17
EURGBP 0.8704 -0.0005 -0.06% 1.57% Apr/17
EURAUD 1.6396 -0.0054 -0.33% -8.25% Apr/17
EURNZD 1.9997 -0.0017 -0.09% 4.22% Apr/17
EURJPY 186.6195 -0.8675 -0.46% 15.22% Apr/17
EURCNY 8.0190 -0.0184 -0.23% -3.66% Apr/17
EURCHF 0.9198 -0.0031 -0.34% -1.19% Apr/17
EURCAD 1.6108 -0.0033 -0.21% 2.13% Apr/17
EURMXN 20.3673 0.0299 0.15% -9.35% Apr/17
EURINR 108.9380 -0.6742 -0.62% 11.92% Apr/17
EURBRL 5.8571 -0.0233 -0.40% -11.28% Apr/17
EURRUB 89.5607 -0.3876 -0.43% -4.25% Apr/17
EURKRW 1,744.7707 1.8994 0.11% 8.21% Apr/17
EURIDR 20,134.6516 -47.1658 -0.23% 4.80% Apr/17
EURPLN 4.2288 -0.0105 -0.25% -1.14% Apr/17
EURSEK 10.7817 -0.0446 -0.41% -1.67% Apr/17
EURCZK 24.2826 -0.0425 -0.17% -3.03% Apr/17
EURHUF 361.5150 -3.5000 -0.96% -11.34% Apr/17
EURNOK 11.0317 -0.0215 -0.19% -7.61% Apr/17
EURZAR 19.1757 -0.1578 -0.82% -10.72% Apr/17
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 3.30 2.40 percent Mar 2026
Euro Area Inflation Rate 2.60 1.90 percent Mar 2026
Euro Area Interest Rate 2.15 2.15 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
United States Non Farm Payrolls 178.00 -133.00 Thousand Mar 2026
United States Unemployment Rate 4.30 4.40 percent Mar 2026
Euro Area Unemployment Rate 6.20 6.10 percent Feb 2026

Euro US Dollar Exchange Rate - EUR/USD
The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
1.18 1.18 1.87 0.64 1957 - 2026 Daily

News Stream
Euro Gains for 3rd Week
The euro strengthened above $1.18, reaching its highest level since before the conflict with Iran began, supported by broad dollar weakness as investors welcomed news of the temporary reopening of the Strait of Hormuz, which helped ease near-term inflation concerns. Iran’s foreign minister confirmed that the strait is fully open to all commercial vessels for the duration of the 10-day ceasefire. In response, oil prices tumbled more than 10%, alleviating some pressure on inflation. The euro is up 2.7% on the week, its biggest gain in a year, and is on track for a third consecutive weekly advance, as traders increasingly bet the ECB may raise interest rates this year. Earlier in the week, ECB President Lagarde acknowledged that elevated energy costs have pushed the eurozone away from its baseline economic path, but she refrained from signaling any imminent rate increases.
2026-04-17
Euro at Pre-War Levels
The euro hovered near $1.18, holding close to its pre-war highs, supported by broad-based dollar weakness as investors grow more optimistic that diplomatic efforts could bring an end to the US–Iran conflict. Reports indicate that both sides are considering a two-week extension of the ceasefire to allow additional time for negotiations, with a second round of talks expected in the near term. In this context, oil prices have eased from recent peaks, helping to alleviate inflationary pressures and prompting traders to scale back expectations for near-term monetary tightening by the ECB. Markets are now pricing in two 25 basis point rate hikes this year, down from three anticipated just a few weeks ago. Earlier in the week, ECB President Lagarde acknowledged that elevated energy costs have diverted the eurozone from its baseline economic trajectory, but she refrained from signaling any imminent rate increases.
2026-04-16
Euro Holds Near Multi-Week High on Middle East Peace Hopes
The euro held just below $1.18 on Wednesday, close to its highest level since before the late-February war outbreak, amid optimism over potential progress in US-Iran peace talks. Mediators reported progress in extending the ceasefire, with both sides agreeing in principle to prolong negotiations focused on Tehran’s nuclear program, the Strait of Hormuz, and war compensation. US President Donald Trump suggested a deal could be near, though uncertainty remains after the US announced plans to deploy 10,000 more troops to the region soon. The prospect of dialogue eased oil prices below $100 per barrel and lifted risk appetite. However, inflationary pressures from elevated energy costs persist, with markets now pricing in at least two ECB rate hikes by year-end. On Tuesday, ECB President Christine Lagarde acknowledged that higher energy costs have pushed the eurozone off its baseline economic path, though she stopped short of signaling imminent rate increases.
2026-04-15